concurrent ownership. tenants in common default method under modern law “to a and b” “to a and...
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Concurrent Ownership
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Tenants in Common
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Tenants in Common
Default method under modern law
“To A and B”
“To A and B as tenants in common”
No survivorship rights
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Joint Tenants
Default method under common law
Survivorship feature
“To A and B as joint tenants”
Note that many states, including Texas, require the survivorship feature to be expressly stated, that is, “To A and B as joint tenants with right of survivorship.”
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Joint Tenants – Unities of Title – “T-TIP”
Time
Title
Interest
Possession
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Tenancy by the Entirety
Special type of joint tenancy between spouses
“To A and B as tenants by the entireties”
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Marital Estates
Arise by operation of law, not because of intent of the parties.
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Jure Uxoris
Upon marriage but before birth of child
Husband has a life estate in wife’s property for the life of wife
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Curtesy Initiate
Upon birth of first child and while wife is still alive
Husband will have life estate in wife’s property until husband dies
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Curtesy Consummate
Upon wife’s death assuming at least one child was born to the marriage
Husband has life estate in wife’s property
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Dower
Wife has no lifetime interest in husband’s property
Upon husband’s death, wife receives a life estate in 1/3 of husband’s real property he owned anytime during the marriage
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Modern Protection for Surviving Spouse Spouse made an heir
Common law marital property states = forced (elective) share
Community property marital property states = community property
Homestead
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In re Estate of Michael
“To H and B, tenants by the entireties, and F and H, tenants by the entireties, with right of survivorship.”
H dies first; then B dies.
What interest, if any, did B own when B died?
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In re Estate of Micheal
Courthouse where case
was litigated
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Laura v. Christian
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Jackson v. O’Connell
A, B, and C held as joint tenants with survivorship right.
A sold A’s interest to B.
B died leaving her interest to 4 nieces.
How much do the nieces receive?
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Matter of Estate of Vadney
A conveyed “to A and B.”
A died.
How much does B now own?
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Matter of Estate of Vadney
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Jones v. Green
Grant provided “to A and B as joint tenants with full rights of survivorship and not as tenants in common.”
May A partition?
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Duncan v. Vassaur
Husband and Wife owned property as joint tenants with survivorship rights.
Wife killed Husband.
Wife conveyed her share to her Father.
How much does Father own?